Is Union Credit Bank a Scam Broker?

Union Credit Bank is a legitimate-sounding organization, but according to the FCA, it is a clone broker. This means that it has copied the images and content from the legitimate website and has adopted a similar-sounding name. The idea is that consumers may get confused between the two and open an account with the scam version. The FCA has warned about the increasing problem of cloned broker websites. 

Is Union Credit Bank a Scam or Legit Broker?

Broker Complaint Registry assists in fund recovery efforts and consults with those who are victims of cloned broker websites. We recommend that all consumers do research before signing up with a broker. This means working only with a registered broker and confirming their information with the regulator’s website before signing up for an account. Since there are so many clone and scam brokers, taking the time and doing research is essential. 

Our experts found out the following about Union Credit Bank

• Identified as a clone site by the FCA
• No transparency
• False license and information

Our experts do not recommend Union Credit Bank. We encourage visitors to do research, read our broker reviews and select regulated brokers. If you have been scammed by Union Credit Bank or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.